SomerCor, a Chicago-based Small Business Administration (SBA) Certified Development Company (CDC), has named six new members to its board of directors and elected a vice chairman. The appointments grow the organization’s SBA lending, fintech and economic development experience.

A fund managed by New York-based DRA Advisors has partnered with Northbrook, Illinois-based Pine Tree, LLC to acquire The Shops at Kildeer, a 171,339-square-foot shopping center in the affluent Chicago suburb of Kildeer, Illinois, for the purchase price of $32.5 million.

While tougher times may be on the horizon for certain property segments, and there are certainly differences between specific products and individual markets, the good news is that today the Midwest commercial real estate market is generally quite healthy. The recessionary stresses of 2008 and 2009 are well in the rearview mirror, and some …

It was 1945, World War II was coming to a close, the Chicago Cubs were in their last World Series (at which the infamous “curse of the Billy Goat” was cast), and the Chicago Transit Authority was created. It was time in which the economy grew rapidly, with widespread prosperity and increasing employment wages. A substantial number of the na…

William Hawkins, president of Chas. Hawkins Co., Inc./CORFAC International, loves selling commercial real estate in Nashville. And why wouldn't he? This Tennessee city is in the middle of a boom period. And Hawkins told Midwest Real Estate News that this boom isn't about to end.

The Midwest is home to plenty of dead or dying shopping malls, indoor ghost towns that once buzzed with families dining at food courts, teens hanging at clothing stores and young couples holding their first dates at multiplex movie theaters. What went wrong with these dead malls? Why did the shoppers stop coming?